Page 66 - Companies

More hits than misses spur most upgrades in six quarters, shows data

The Street is now expecting Nifty earnings per share (EPS) of around Rs 980 in FY24 and Rs 1,130 in FY25

Son owes SoftBank $5.2 bn on side deals post losses at Vision Fund unit

His unrealized losses widened by about $130 million from three months before, with most of the deficit linked to the Latin America fund

Adani shortseller saga probe to test Sebi, SC check on the rich & powerful

With PM largely silent on the controversy despite attacks from opposition, these investigations are most significant way India can signal to investors that it is willing to scrutinize its largest firm

US borders not open as migration rules change: Homeland Security official

Migrants entering the US without documents as pandemic-era controls lift on Thursday will face long-term bans and possible prosecution, warned a top official of US Homeland Security

Pratt & Whitney opposes Go Airlines' push to enforce arbitration against it

(Reuters) -Pratt & Whitney opposed India's Go Airlines' push to enforce an arbitration ruling against the U.S. company for the supply of spare engines, a Delaware court filing showed.

Discounts, incentives not funded by govt money, clarifies ONDC CEO Koshy

Recently, ONDC has gained a lot of traction because of the stiff competition it is posing to major food aggregators like Swiggy and Zomato

Ajmera Realty & Infra net profit rises 8% to 15 cr in March quarter

Ajmera Realty & Infra India Ltd on Thursday reported an 8 per cent increase in its consolidated net profit at Rs 15.11 crore for the quarter ended March 2023. Its net profit stood at Rs 14.01 crore in the year-ago period. Total income declined to Rs 117.80 crore during the January-March quarter of 2022-23 fiscal year from Rs 183.62 crore a year ago, Mumbai-based real estate developer said in a regulatory filing. For the full 2022-23, the net profit increased to Rs 71.50 crore from Rs 45.39 crore in the previous year. Total income fell to Rs 440.63 crore in the last fiscal from Rs 489.11 crore in the 2021-22 fiscal. On operational front, the company's sales bookings rose 95 per cent to Rs 842 crore last fiscal from Rs 431 crore in the previous year.

Asian Paints posts 45% rise in Q4 profit on strong demand, easing costs

Asian Paints dominates nearly half of the domestic paints sector, and the decorative paint segment accounts for about 80% of the company's revenue

Godrej & Boyce bags orders worth Rs 2,000 crore in solar segment

Godrej & Boyce unit Godrej Electricals & Electronics has bagged order worth Rs 2,000 crore from power transmission, railways and solar projects. "The Power Infrastructure and Renewable Energy (PIRE) business of Godrej Electricals & Electronics, a business unit of Godrej & Boyce Mfg. Co. Ltd, has secured orders worth over Rs 2,000 crore from Power Transmission, Railways, and Solar Projects," a company statement said. The projects include EPC (engineering procurement construction) for EHV substations of 400kV & 765kV across India, a GIS substation with 220kV underground cable in Mumbai and a 132kV substation project in Nepal, it stated. In the solar segment, the company has secured an order for a ground-mounted solar plant of 20MW in West Bengal. The order supports the business' aim to grow its solar EPC portfolio by 30 per cent annually over the next three years and promote energy conservation, it said. The business marks its entry into railway electrification with

Chemplast Sanmar unit signs deal to manufacture advanced intermediate

Company estimates commercial supplies will start from the fourth quarter of 2023-24

Disney+ loses 4 million subscribers as fresh layoff round approaches

Entertainment giant The Walt Disney Company's flagship streaming service Disney+ lost four million subscribers in its second quarter that ended April 1

Indian firms invested $6.6 bn in Canada creating thousands of jobs: Report

Indian companies have invested more than CAD 6.6 billion in Canada creating tens and thousands of jobs in the country, with all of them planning to invest more in the future, according to a CII report released in Toronto. The report 'From India to Canada: Economic Impact and Engagement' launched by Union Commerce and Industry Minister Piyush Goyal during his visit to the city is the first known attempt to capture Indian Industry's growing Canadian presence. The report highlights the contributions made by Indian companies to the Canadian economy in the form of FDI, jobs created and saved, and funding for research and development as well as local corporate social responsibility initiatives. "Canada has a large investible surplus and is looking for good investment opportunities in India. Given the greater degree of engagement we've now embarked upon with high-level exchanges on both sides, the India-Canada economic relationship can improve very significantly," Goyal said at the report

NCLT admits Go First's insolvency plea, puts it under moratorium

Order prevents a viable airline from becoming an unviable one, says airline's CEO

LatentView Analytics reports profit after tax at Rs 342 mn in March quarter

Global digital analytics consulting and solutions firm LatentView Analytics Ltd has reported a profit after tax (PAT) at Rs 342 million for the quarter ending March 31, 2023, the company said on Tuesday. For the year ending March 31, 2023 the PAT grew to Rs 1,554 million, the company said. Operating revenues during the quarter under review grew by 20.1 per cent to Rs 1,411 million while for the year ending March 31, 2023 it stood at Rs 5,388 million. The Profit After Tax for FY22 includes exceptional item of Rs 226 million. Excluding exceptional item FY23 profit after tax at 45.4 per cent, the company said. Commenting on the financial performance, LatentView Analytics Chief Executive Officer Rajan Sethuraman said, "we are pleased to report the highest ever full-year revenue and profit margins in the history of our company." "Our revenue grew at 32 per cent on year-on-year basis for FY23. The growth was broad-based across technology, financial services.." he said. "As we move forw

Castrol India posts 11.3% fall in Q1 profit on rising input costs

Revenue from operations increased 4.7% to 13.12 billion rupees, but that was not enough to offset the 8.9% rise in total expenses to 10.23 billion rupees

Raymond Q4 results: Consolidated net profit falls 26% to Rs 194 crore

Raymond Q4 results: In 2022-23 (FY23) the net profit more than doubled to Rs 529 crore from Rs 260 crore in FY22

Launch blueprint, rural gains can help Hero MotoCorp turn the corner

Lower raw material costs aided margin recovery for the 2-wheeler sector in Q4

Very poor messaging: Buffett criticises US govt handling of banking crisis

Warren Buffet expresses his displeasure at the "very poor messaging" by the US government with regard to the ongoing regional banking crisis

Accenture India chief Rekha Menon to retire; Role split between two

Sandeep Dutta to lead professional services company's India Market Unit

Meesho lays off 251 employees, CEO admits 'judgement errors in over-hiring'

SoftBank-backed e-commerce firing 15% of workforce, cites 'harsh circumstances'